|
MORTGAGE—Savingsand and Loan Form—(Direct Credit Plan) 255.2 (Special)
<br />-----------------------------------------------
<br />009 02 MORTGAGE M10R0F11j,'ac,,
<br />Loan No
<br />Au6ust
<br />THIS INDENTURE, made this ` day of g i 19-L5 by and between
<br />KENNETH V. BERDING; a single person.
<br />of
<br />Hall County, Nebraska, as mortgagor—., -and Home Federal Savings and Loan Association of Grand Island,
<br />a corporation organized and existing under the laws of Nebraska with its principal! office and place of;business at Grand Island, Nebraska,
<br />as mortgagee; -
<br />WITNESSETH: That said mortgagor—, for and in consideration of the sum of
<br />SIXTEEN THOUSAND AND 1\10/100-- ------------------------ rrduars ($
<br />16,000.00
<br />the+ receipt of which .is hereby acknowledged, do— by these presents mortc,
<br />assigns, forever, all the following described real estate, situated in the county
<br />and State of Nebraska, to -wit:
<br />and warrant unto 'said mortgagee, its • successors and
<br />Hal!I
<br />j l j
<br />i
<br />+ iI i, ,
<br />i
<br />1 1'
<br />THE NORTH HALF OF THE EAST HALF OF LOT ONE (j), IN bLOCK:iONE (1),
<br />WILLIAM:FRANK ADDITION TO THE CITY OF GRAND ISLAND,;HALLiCOUNTY,•
<br />NEBRASKA, EXCEPTING THEREFROM A CERTAIN TRACT OF GROUND DEEDED TO
<br />THE CITY OF GRAND ISLAND, MORE PARTICULARLY DESCRIBED INjDEED BOOK
<br />164 AT PAGE 127 IN THE REGISTER OF DEEDS, HALL COUNTY, NEBRASKA.
<br />1 1
<br />1 �
<br />1
<br />Together with all , heating, lighting, and plumbing equipment and fixtures, including stokers land bumers, 'screens, awnings, storm windows
<br />and doors, and window shades or blinds, used on or in connection with said property, whether the samo are now located on said property
<br />or hereafter placed thereon.
<br />TO HAVE AND TO HOLD THE SAME, together with all and singular tho tenements, hereditaments'and 'appurtenances thereunto belong-
<br />ing, or in anywise appertaining, forever, and warrant the title to the same. Said mi rtgagor hereby covenant— with said mortgageo
<br />that Vie_ iS at the delivery hereof, the lawful owner— of the premises above conveyed and described, and Is
<br />seized of a good and indefeasible estate of inheritance therein, free and clear of all encumbrances, and that be— will warrant and
<br />defend the title thereto forever against the claims and demands of all persons who
<br />v
<br />PROVIDED ALWAYS, and this instrument is executedand delivered to socuio the payorent of rho sum of
<br />SIXTEEN THOUSAND AND NO/ -100 ----------------- -=-------- --' )ollars(5 16,000.00 ),
<br />with interest thereon, together with such charges and advances as may be duo and payable to said mortgagee under the terms and
<br />conditions of the promissory note of even date herewith and secured hereby, executed by said mortgagor— to said moilgagoe, payable
<br />as expressed in said note, and to secure the performance of all the terms and conditions contained therein. The terms of said note are
<br />hereby incorporated herein by this reference. j
<br />It is the intention and agreement of the parties hereto that this mortgage shall also secure any, future advances made to said
<br />mortgagor— by said mortgagee, and any and all indebtedness in addition to the amount above stated which said mortgagors, or, any
<br />of them, may owe to said mortgagee„ however evidenced, whether by note, book account or otherwise. This mortgage shall remain in full
<br />force and effect between the parties hereto and their heirs, personal representatives, successors and; assigns, until all amounts secured
<br />hereunder, including future advances, are paid in full with interest.
<br />The mortgagor_ hereby assign' to said mortgagee all rents and income ansing ;at any and all times from said property -and
<br />hereby authorize said mortgagee or its agent, at its option, upon default,'to take charge of 'said property and collect all rents and income
<br />therefrom and apply the same to the payment of interest, principal, insurance premiums, taxes, !,assessments, repairs or improvements neces-
<br />sary to keep said proporty in tenantable condition, or to other charges or payments providedjfor horein or in the note hereby secured. This
<br />rent assignment shall continue in force until the unpaid balance of said note is fully paid. - The taking of possession hereunder shall in no
<br />manner prevent or retard said mortgagee in the collection of said sums by foreclosure or otherwise.'
<br />The failure of the mortgagee to assert any. of its rights hereunder at any time shall not be construed as a waiver of its right to assert
<br />the same. at any later.time,-and to"insist upon and enforce strict compliance with all the terms and 'provisions of said note and of this
<br />mortgage:
<br />If said mortgagor shall cause- to be paid to said mortgagee the entire amount due it hereunder, "and under the terms and provisions
<br />of said note h66y secured, including future advances, and any extensions or renewals thereof �ln accordance with the terms and provisions
<br />thereof, and if said mortgagor_ shall comply with all the provisions of said note; and of this; mortgage, then these presents shall be void;
<br />otherwise to remain in full force and effect, and said mortgagee shall be entitled to the possession of all of said property, and may, at its
<br />option, declare the whole of said note and all indebtedness: represented thereby to be immediately due; and payable, and may foreclose this
<br />mortgage or . take any other legal action to protect its right, and from the date of • such default all; items of indebtedness secured hereby
<br />shall draw interest at 9% per annum.. Appraisement waived.
<br />This mortgage shall be binding upon and shall enure to the benefit of the heirs, executors, administrators, successors and assigns of
<br />the respective parties hereto.
<br />IN WITNESS WHEREOF, said Mortgagor .—ha s hereunto set -his hands- the day and year •first above
<br />written.
<br />Kenneth V.!Bending a s i.n-gJ a person.
<br />
|